IMA

The Investment Management Association and online data provider Financial Express have this morning unveiled new fund pricing tools for consumers.

The Isa season is shaping up to be even slower than last year, suggest the latest statistics from the Investment Management Association, as net sales are already down by over half on the previous month.

Mellon has criticised the Morris review for being impractical for both profession and majority of pension schemes to follow.

Extension of the Isa maximum contribution to £7,000 until

The CBI and IMA have both voiced their approval for findings from the Employer Task Force to strengthen the position of the UK's voluntary pensions system.

Net Isa sales made a small comeback in October compared with the previous month, but are still down 83% on the previous year, reveal Investment Management Association statistics.

Qualified praise has been heaped on the Pension Commission's report by government ministers, opposition spokespeople and industry associations.

The Investment Management Association has proposed radical reform of savings tax which could create a simplified single income and capital gains tax of 15% paid by investors at disposal.

Crashing share prices in the bear market did not cool the relationship between pension schemes and their fund managers, according to a joint survey of members of the IMA and the NAPF.

Investment take-up by consumers is still falling, says the IMA, as funds under management fell 2% in July compared with the previous month.